MEMPHIS, Tenn. — If there was magic in the air, Tony Parker didn't feel it. If there was a momentum swing, he didn't sense it.

If his running, miracle 27-footer at the fourth-quarter horn Friday portended anything other than another five minutes of basketball against the stubborn Memphis Grizzlies, Parker didn't perceive it.

“It was just a 3-pointer and we go to overtime,” Parker said. “It doesn't mean anything.”

When the Grizzlies scored a pair of baskets in the final 27.8 seconds of the extra frame to claim a 101-98 victory at FedEx Forum, Parker's heroics became but a footnote to another Spurs' road loss.

Memphis' Rudy Gay hit the go-ahead 14-footer with 27.8 seconds to go and Darrell Arthur added an exclamation dunk moments later to lift the Grizzlies (24-10) to their fourth consecutive victory — and first over the Spurs since bouncing them from the 2011 playoffs.

For the 28-11 Spurs, once arguably the NBA's top road team, it was the seventh defeat in the last eight games away from the AT&T Center.

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After Parker hit his buzzer-beating 3-pointer, on his way to a game-high 30 points, Memphis coach Lionel Hollins offered his team a choice.

“I said you can hold your head and feel sorry for yourself,” Hollins said, “or you can suck it up and go back and win the game again.”

Memphis chose the latter option.

Gay finished with 23 points, Mike Conley had 21 and Arthur added 14 off the bench.

The Grizzlies held the Spurs to only one field goal in OT, another Parker three to open the scoring.

The Spurs had a chance to take a three-point lead with 44.5 seconds to go, but Gay's goaltending call on a Manu Ginobili layup was overturned by video review.

“In my opinion, Memphis is there (with the best teams in the NBA),” said Spurs coach Gregg Popovich, whose team dropped to 2-7 against the other top five teams in the league. “When playoff time comes, they're going to be a hell of a factor.”

For a while, the game seemed to be following a script that played out last month at AT&T, when the Spurs fell behind by 15 points in the third quarter before rallying to beat Memphis 99-95 in OT.

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Sabotaged by turnovers early, and falling behind by as many as 12 points in the second half, the Spurs had some digging to do — and some prayers to have answered — to get the game to OT.

In what has become a theme of late, the Spurs committed 12 turnovers in the first half, which the ball-hawking Grizzlies cashed in for 22 points.

More careful with the ball in the second half, the Spurs used a 23-6 run to take a 71-66 lead near the end of the third. Memphis answered, and when the Spurs trailed 93-89 with 12.9 seconds left in the fourth, and Gay headed to the foul line, the game appeared over.

Gay missed both, Stephen Jackson followed with a three for the Spurs to slice the lead to one. Zach Randolph made a pair of free throws to push the Grizzlies back ahead by three, setting the stage for Parker's Hail Mary.

Taking the ball near midcourt with 3.5 seconds left, Parker scrambled to the left arc and pulled up on Gay. The Grizzlies opted not to foul him before he could squeeze off the game-tying attempt.

When Parker's shot connected, it briefly bought the Spurs new life.

“It gave us five more minutes to figure it out,” said Tim Duncan, who contributed 13 points, 15 rebounds and three blocks despite another subpar shooting night and six turnovers. “I thought we had a chance.”

When Parker opened OT with another three, the Spurs seemed poised to steal another win from the Grizzlies' back pocket.

Instead, the Spurs would not score again, and Memphis got just enough offense in the final 27 seconds to put the game away.

“We had a chance to win the game,” Parker said. “That's all you can ask for on the road.”